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Vedanta Limited - Issue of Non-Convertible Debentures (NCDs)
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17 Aug 2015
Vedanta Ltd has informed BSE that:&lt;BR&gt;&lt;BR&gt;&quot;Vedanta Ltd is subject to favorable market conditions in the process of issuing Secured, Rated, Non-Cumulative, Redeemable Non-Convertible Debentures (NCDs) of Rs. 10,00,000/- (Rupees Ten Lakhs Only) each upto Rs. 2000,00,00,000/- (Rupees Two Thousand Crores Only) on Private Placement basis. The issuance of NCDs is part of the overall Debt Refinancing of the Company to substitute the short term liabilities/borrowings/debt and / or to retire higher cost debt.&lt;BR&gt;&lt;BR&gt;The NCDs are proposed to be listed on the Bombay Stock Exchange of India Limited (BSE). &lt;BR&gt;&lt;BR&gt;This issue is part of the overall approval of Rs.8000 crores (Rupees Eight Thousand crores) by the Board of Directors and by the Shareholders in the 50th AGM of the Company held on July 11, 2015, permitting issuances in one or more series/tranches on private placement basis during a period of 12 months.&quot;
View all announcements for Vedanta Limited Source: BSE India